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Nov 1, 2012
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and we've got nevada 11.8%, that's one of the outliers. >> he has to go with vision and energy about what he can do in the future. and i think that's been lacking in the campaign. all the way back to the democratic convention and the speech which was disappointing, the first debate made him really think about what sort of president he would be for the next four years, never mind the last four. i think he's struggling to put that vision out there and bring that energy and drive that was so important in 2008. >> a criticism about romney is that he hasn't really put out their plans. >> and you think that's just american politics. you have to put out broad idea and concepts. but he's a businessman. he has a good track record of success in business. he has a vice president who is very interested and focused on these issues around how you can get american debt down and run the economy more efficiently. and i think that might make a difference on the day. >> is obama loses some of the races that were very excited about the prospects of having a black or mixed race president first time aroun
and we've got nevada 11.8%, that's one of the outliers. >> he has to go with vision and energy about what he can do in the future. and i think that's been lacking in the campaign. all the way back to the democratic convention and the speech which was disappointing, the first debate made him really think about what sort of president he would be for the next four years, never mind the last four. i think he's struggling to put that vision out there and bring that energy and drive that was so...
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Nov 6, 2012
11/12
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say it again, ohio, nevada -- >> ohio, wisconsin, nevada. if barack obama gets those three, can win every other swing state -- >> do the polls tell us that he is ahead in those three? >> yes. >> they do? >> he is ahead in all three. in fact of the nine swing states, tyler, mitt romney has a clear lead only in the state of north carolina. he is even with president obama in florida and many strategists in both parties believe florida will go to mitt romney but he has got to get a lot more than that. >> john harwood, thank you very much. as john outlined it is very difficult for either candidate, frankly, to get to that magic 270 number without the state of ohio and here's video evidence from cleveland as to how important it is. both the romney and the biden campaign planes making stops at the cleveland hopkins airport and holding last-minute appearances in the state. our senior correspondent scott cohn is in the buckeye state, a state with the state of the economy actually cuts both ways. scott? >> yeah, it does, tyler. first, a look at how th
say it again, ohio, nevada -- >> ohio, wisconsin, nevada. if barack obama gets those three, can win every other swing state -- >> do the polls tell us that he is ahead in those three? >> yes. >> they do? >> he is ahead in all three. in fact of the nine swing states, tyler, mitt romney has a clear lead only in the state of north carolina. he is even with president obama in florida and many strategists in both parties believe florida will go to mitt romney but he has...
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Nov 29, 2012
11/12
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>> it's been better. >> susan austin runs a small business outside reno, nevada. but her business is different. it's a brothel. the legendary mustang ranch. >> this is one of our suites. this is the asian suite. >> austin thought the world's oldest profession would be recession proof. not true. >> a lot of my high rollers suddenly discovered they didn't have the discretionary income. they couldn't play as hard as they used to. well, that definitely dug into their wallets, which definitely affected us. >> lance gillman owns the brothel. will the fiscal cliff impact the mustang ranch? >> well, if folks run out of money and jobs, i suppose it could. >> gillman is a republican who is looking to nevada's powerful democrat, harry reid, to keep that from happening. >> do you like harry reid? >> harry reid and i have been friends for 30 years. harry and i both share a vision and a love for the state of nevada. >> susan austin says even here the cliff will hurt. >> anything that happens in washington affects everybody in the united states. it's going to trickle down to me
>> it's been better. >> susan austin runs a small business outside reno, nevada. but her business is different. it's a brothel. the legendary mustang ranch. >> this is one of our suites. this is the asian suite. >> austin thought the world's oldest profession would be recession proof. not true. >> a lot of my high rollers suddenly discovered they didn't have the discretionary income. they couldn't play as hard as they used to. well, that definitely dug into their...
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Nov 8, 2012
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let's go to mark in nevada. mark. >> caller: hi, jim. how are you today? >> real good. how about you? >> caller: not bad, other than the 300-point loss. we're about 80 degrees out here. >> you have the edge on me. go ahead. >> caller: okay. well, question on two retail stocks i don't own. jcpenney and sears, they have a lot in common. i don't understand. penney's has had a good run up in share price. they both lose money. they both have negative short sales. and, my opinion, i think their business mounds are a little flat, but they do own part of the real estate. are they overvalued? and the big question is what would the share price be of each company if you just base it on the value of the real estate? >> you have to believe that retail is going to really come roaring back more than it has. i want to avoid both of them. i don't think hereto -- either one is what you need. let's stay away from both of those and stick with quality. let's go to thelma in north carolina. >> caller: hi, jim. how you doing? >> all right, thelma. how about you? >> caller: i'm doing just fine
let's go to mark in nevada. mark. >> caller: hi, jim. how are you today? >> real good. how about you? >> caller: not bad, other than the 300-point loss. we're about 80 degrees out here. >> you have the edge on me. go ahead. >> caller: okay. well, question on two retail stocks i don't own. jcpenney and sears, they have a lot in common. i don't understand. penney's has had a good run up in share price. they both lose money. they both have negative short sales. and,...
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Nov 29, 2012
11/12
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next stop, nevada. jane wells looking at how snaene majority leader harry reid's state is handlingle upcoming fiscal cliff. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence
next stop, nevada. jane wells looking at how snaene majority leader harry reid's state is handlingle upcoming fiscal cliff. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least,...
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Nov 6, 2012
11/12
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. >>> nevada is another state to watch. las vegas has had more political tv ads than any other city in the nation. and the candidates have been stumping there every single week. jane wells is stomping the ground there is as well. jane? >> reporter: i'm outside caesars palace, las vegas is packed, obviously everybody voted early or not voting at all we talk about nevada, we talk about the gaming companies and some ceos have contributed to mitt romney. all of them have contributed to state republican races, las vegas sands, mgm resorts, wynn, caesars. off the strip in a state with the highest unemployment rate in the nation, one wealthy co is spending his money on a bold, private gamble on job creation. >> this is our newest zap poe's office building. >> reporter: online shoe retailer zap poes, based in henderson, nevada, is running to a generally run down area north of the strip, better known for tattoo parlors than glitz. ceo tony shea taken over several floors in a condo in that neighborhood. he is planning to invest $350
. >>> nevada is another state to watch. las vegas has had more political tv ads than any other city in the nation. and the candidates have been stumping there every single week. jane wells is stomping the ground there is as well. jane? >> reporter: i'm outside caesars palace, las vegas is packed, obviously everybody voted early or not voting at all we talk about nevada, we talk about the gaming companies and some ceos have contributed to mitt romney. all of them have contributed...
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Nov 29, 2012
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he wants to make sure it doesn't kill nevada's fledgling recovery. later gillman takes it to a 30,000-acre industrial park he's built for facilities for walmart and toys "r" us. he says when it comes to the fallout for fiscal cliffing he says, quote, this is where the buck stop zmienlts know of anyone who doesn't like harry reid. he must be a great senator for people in nevada. >> he takes care of the state. >> it's a small state and he's very powerful and he looks out for nevada and that's why you have republicans say they don't agree with him but they like what he does -- >> were you comfortable sashaying in there, jane? >> this isn't my first rodeo. you know, actually once in the '80s -- well, i'm dating myself. i posed as a prostitute for a story in miami and i was on the street of biscayne bay and nobody would stop. it was very embarrassing. >> you didn't touch anything while you were there, did you? i saw you sort of -- >> i was not like that. no, no. it was very pleasant. they were professional. >> all right. never mind. you were very comable.
he wants to make sure it doesn't kill nevada's fledgling recovery. later gillman takes it to a 30,000-acre industrial park he's built for facilities for walmart and toys "r" us. he says when it comes to the fallout for fiscal cliffing he says, quote, this is where the buck stop zmienlts know of anyone who doesn't like harry reid. he must be a great senator for people in nevada. >> he takes care of the state. >> it's a small state and he's very powerful and he looks out for...
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Nov 5, 2012
11/12
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in las vegas, remember, nevada, a crucial state here, they're still down nearly 24%. in miami, florida, down nearly 6%. and in chicago, down 10%. the question is historically has a president ever won a second term with falling home prices. the median price of a u.s. home never actually fell before the end of 2006 nationally. sure, there were local and regional home price crashes but never on a national level. now, if you compare october 2012, which is the last month of data we have from the realtors, to october 2008, the median home price nationally, the median, is down 1.4%. but a lot of that has to do with what's selling today, which is a lot of low priced foreclosures and short sales. we have more on this the blog realtycheck.cnbc.com. >> thank you so much. where do housing experts think home prices will be in four years? does it matter who wins as to which way they go? >> chiming in, david of mortgage banking solutions. christopher thornburg of beacon economics and diana will stick around as well. christopher, you don't think it matters who wins the white house re
in las vegas, remember, nevada, a crucial state here, they're still down nearly 24%. in miami, florida, down nearly 6%. and in chicago, down 10%. the question is historically has a president ever won a second term with falling home prices. the median price of a u.s. home never actually fell before the end of 2006 nationally. sure, there were local and regional home price crashes but never on a national level. now, if you compare october 2012, which is the last month of data we have from the...
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Nov 15, 2012
11/12
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ueberroth is saying this state has got to be aggressive and start going to texas, virginia, north carolina, nevada, arizona, and say no, you've got to come to our state. has to make a case that it's never going to be cheap to do business here, but there are other value propositions that make it worthwhile. you don't want to just have intel head quartered here and then 90% of its jobs are somewhere else. >> all right, jane, thanks for that report. >>> coming up next, you got to know when to hold 'em and know when to fold 'em. stay with us. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> let's see what's been trending on twitter. >> this is a tough topic to research today. we all know beer and sports g
ueberroth is saying this state has got to be aggressive and start going to texas, virginia, north carolina, nevada, arizona, and say no, you've got to come to our state. has to make a case that it's never going to be cheap to do business here, but there are other value propositions that make it worthwhile. you don't want to just have intel head quartered here and then 90% of its jobs are somewhere else. >> all right, jane, thanks for that report. >>> coming up next, you got to...
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Nov 8, 2012
11/12
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have to say that as long as there are other states out there like texas and north carolina, idaho and nevada that either have no state income tax or very low income tax, i think the migration is just going to be probably from state to state as business owners and entrepreneurs find more opportunities in states that aren't going to be as punitive. but i think it is a lesson for everybody, that as california goes, so does the rest of the nation. as we head off that fiscal cliff before you guys to, hopefully you'll not dragged down by the same pulley rope. >> just to follow up on mandy's point -- listen, you're not going to leave the country but where are you going to go? california's playing, hey, everybody's going to raise their taxes, it is a nice place to live. if the president gets his way with the budget, families making over $390,000 a year are going to be paying 51% nin come tax -- just income. not even payroll on that above $390,000. it will of course affect downward deductions. but if there is nowhere else to go, there's nowhere else to go! >> i think you've actually put in just encap
have to say that as long as there are other states out there like texas and north carolina, idaho and nevada that either have no state income tax or very low income tax, i think the migration is just going to be probably from state to state as business owners and entrepreneurs find more opportunities in states that aren't going to be as punitive. but i think it is a lesson for everybody, that as california goes, so does the rest of the nation. as we head off that fiscal cliff before you guys...
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Nov 6, 2012
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florida, nu/"carolina, virginia, iowa, colorado, nevada -- which is tough for romney. we get to 269-269. then it goes to congress. the house of representatives picks the president. we have a republican house and will have one after this election. that means mitt romney assuming no elector defects to one side or the other. the house of representatives would elect mitt romney president. but the senate elects the vice president. that means joe biden could serve with mitt romney. crazy and i don't expect it to happen. but not beyond the realm of possibility. >> you have biden in cleveland, romney there, too. is that a lack of confidence in ohio? >> i think that suggests a determination not to relax on the final day. the president will do media interviews from home in chicago. mitt romney is out on the stump. i think so is paul ryan for that matter. joe biden is ensuring the democrats aren't leaving anything set in ohio unanswered. >> john, thanks so much. going to be a long night. we'll look forward to your reports throughout the evening. history shows democratic president
florida, nu/"carolina, virginia, iowa, colorado, nevada -- which is tough for romney. we get to 269-269. then it goes to congress. the house of representatives picks the president. we have a republican house and will have one after this election. that means mitt romney assuming no elector defects to one side or the other. the house of representatives would elect mitt romney president. but the senate elects the vice president. that means joe biden could serve with mitt romney. crazy and i...
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Nov 29, 2012
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. >>> "today" as the fiscal cliff looms are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of blackberry. don't take into account the positive tail wind that blackberry will have. we have had a number of analysts out there recently who have raised their price targets as well as estimates and ratings. >> okay, let's get some breaking news now, on home stats. >> good morning, simon, we're here outside bankruptcy court in white plains new york for the latest in the saga of the hostess bankruptcy. liquidation, now the courtroom is reconvening to hear arguments about whether some 19 hostess executives should be getting a retention payout of $1.75 million, these so called bankruptcy bonuses. the interest is not necessari
. >>> "today" as the fiscal cliff looms are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of...
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Nov 15, 2012
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if you're talking about phoenix or nevada, that may be true. >> sales are improving. starts bottomed, construction industry is hiring more people. we're a long way from where we were in 2006 but there's definite signs of bottom coming off the market. >> i don't see it yet. >> the fed chairman said we weren't out of the woods. we'll leave that debate where it is for a moment. rick san tell sli in chicago. >>> thank you very much. if you look at intraday of 10s, we're only a basis point under unchanged but well off our high yields of the day. a lot of this is israel. might not be affecting oil but it is most definitely affecting traders and safe harbor trades. looking at august chart, can you clearly see where two-month low yields on the verge of maybe three. same could be said for the 30-year long bond. now let's switch gears a bit. when it comes to what's going on in the marketplace, maybe we better pay a whole lot of attention to what's going on with the dollar/yen. the dollar's rallied almost 2.5% just in the last two days. you could clearly see these are the best l
if you're talking about phoenix or nevada, that may be true. >> sales are improving. starts bottomed, construction industry is hiring more people. we're a long way from where we were in 2006 but there's definite signs of bottom coming off the market. >> i don't see it yet. >> the fed chairman said we weren't out of the woods. we'll leave that debate where it is for a moment. rick san tell sli in chicago. >>> thank you very much. if you look at intraday of 10s, we're...
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Nov 6, 2012
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the one place you might want to look here, nevada, florida, north carolina and virginia. those are all potentially in play because they had some improvement in the unemployment rate and if that had not been there, they might have been for romney. i would like to give you a definitive answer. you have the level of unemployment and you have the change. that's what makes this a horse race, simon. >> it's fascinating to see that the way you slice and dice going into the election whether it's turnout or amazing. steve, thank you very much. as the race for the presidency enters its final lap, what about concerns of small businesses? we'll put them on the television next going straight to the source and sitting down with co-founder and co-ceo of warby parker. they make glasses online and they'll open the first store in manhattan very soon. see what they have to say. interesting take. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back in
the one place you might want to look here, nevada, florida, north carolina and virginia. those are all potentially in play because they had some improvement in the unemployment rate and if that had not been there, they might have been for romney. i would like to give you a definitive answer. you have the level of unemployment and you have the change. that's what makes this a horse race, simon. >> it's fascinating to see that the way you slice and dice going into the election whether it's...
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Nov 15, 2012
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he'd do it in florida, arizona, nevada, that was the argument. >> i think the mortgage market has to come back for the residential end user but i'd buy some land divisions, lot developments that will make sense over the next couple of years. >> behind the curtain of the commercial business. >> steven and i were talking a minute ago about retailers and e-commerce and we see a big impact from e-commerce when we buy a shopping center, we have to pay attention to our cost basis so that retailers who come in and occupy that space will have the ability to compete against e-commerce and do well and protect their profit margins so we're seeing retailers absorb. >> can they get there? >> they can. >> because they'll always have that nut. >> it depends what retailers. >> and the internet price is going to pivot off the bricks and mortar price. >> it depends what retailers. some soft goods. you look at the auto parts retailers and the dollar stores, those are neighborhood locations that just cannot be replicated via e-commerce so some segments get hit hard but others are protected. >> is the bi
he'd do it in florida, arizona, nevada, that was the argument. >> i think the mortgage market has to come back for the residential end user but i'd buy some land divisions, lot developments that will make sense over the next couple of years. >> behind the curtain of the commercial business. >> steven and i were talking a minute ago about retailers and e-commerce and we see a big impact from e-commerce when we buy a shopping center, we have to pay attention to our cost basis so...
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Nov 2, 2012
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they realize that if they carry ohio, wisconsin, nevada, that mitt romney cannot get to 270 electoral votes without taking a very, very unlikely state away. so this is a very important place, just as ohio is important to president obama, and the closing argument that mitt romney is making is the one that has been his go-to for the entire year, which is look at the record, look at what barack obama said he was going to do, look at what he's done while the president is trying to make a recovery case, we're on the right track, the mitt romney argument is we haven't gotten where we need to go and he's going to be making that all weekend. >> people on the floor trying to look at the effect of the storm and the recovery on tuesday. is it possible that because in the northeast states that are normally blue, have lower turnout, the president actually does win on the electoral vote but the governor wins on the popular vote? >> reporter: that is possible. it's very -- you have to say it's very unlikely by looking at history at how few times that's happened. but we have an extremely close popula
they realize that if they carry ohio, wisconsin, nevada, that mitt romney cannot get to 270 electoral votes without taking a very, very unlikely state away. so this is a very important place, just as ohio is important to president obama, and the closing argument that mitt romney is making is the one that has been his go-to for the entire year, which is look at the record, look at what barack obama said he was going to do, look at what he's done while the president is trying to make a recovery...
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Nov 30, 2012
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in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start to get more customers saying i've talked to my tax adviser and i'm going to opt out of that short sale and we'll just take it to foreclosure. and, carl, that is exactly not what we want to hear as this housing recovery is really just gaining steam. >> wow. in your opinion diana would we start to see that, the impact in sales of existing and starting in january? >> well, starting in january you would start to see those short sales go away and that would mean more homes would go to foreclosure. short sales have really been saving this market keeping people out of f
in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start...